This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. It serves as a building block for the development of benzodiazepine derivatives, which are widely known for their applications in treating anxiety, insomnia, and other central nervous system disorders. Additionally, its structure is explored in the design of novel compounds targeting specific receptors or enzymes, contributing to advancements in drug discovery and therapeutic research. Its versatility also extends to studies in organic synthesis, where it is used to create complex heterocyclic frameworks for further chemical exploration.